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JON R. & SOPHIE PEDERSON <br />c/o RUFFRIDGE JOHNSON EQUIPMENT COMPANY <br />3024 4'N Street Southeast <br />Minneapolis, MN 55414 <br />April 4, 2017 <br />The City of Centerville <br />Attention: Michael Ericson <br />1880 Main Street <br />Centerville, MN 55038 <br />RE: Termination of Purchase Agreement <br />Lot 2, Block 1, Clearwater Business Park, Anoka County, Minnesota <br />Dear Mr. Ericson: <br />Unfortunately, we have determined that it is not feasible for us to proceed to purchase the above -referenced <br />property. Accordingly, this letter shall serve as written notice of our election, as Buyers, to terminate the Purchase <br />Agreement between us and the City of Centerville dated November 16, 2016, as amended by First Amendment <br />dated March 8, 2017. <br />We appreciate your cooperation and we would be interested in discussing with you the possibility of modifying <br />certain terms of the subject Purchase Agreement in a mutually agreeable manner such as to allow for its potential <br />reinstatement. <br />Please feel free to contact our agent, Hal Ulvestad, Rockland Advisors, at 952-250-9783, should you have any <br />questions regarding this termination notice. <br />CC: Gene C. Olson, Esq., Olson & Breckner, P.A. <br />Hal Ulvestad, Rockland Advisors <br />Kurt Glaser, Esq., Smith & Glaser, LLC <br />John Chirhart, Gaughan Companies <br />Commercial Partners Title, LLC <br />RECEIVED this lo'x'day of April, 2017 at /ow� <br />City of Centerville <br />22 <br />